FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * Ciavarella Michele 2. Issuer Name and Ticker or Trading Symbol Elys Game Technology, Corp. [ ELYS ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)__X__ Director                    __X__ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Chief Executive Officer
(Last)         (First)         (Middle)
C/O NEWGIOCO GROUP, INC., 130 ADELAIDE STREET WEST, SUITE 701
3. Date of Earliest Transaction (MM/DD/YYYY)
1/9/2022
(Street)
TORONTO, A6 M5H2K4
(City)       (State)       (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock  1/9/2022    A    41795 (1) A $2.61  649108  D   
Common Stock  1/9/2022    A    121040 (1)(2) A $2.61  770148  D   
Common Stock                 4728478 (3) I  Gold Street Capital Corp. 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
(1)  The shares of restricted stock vest pro rata on a monthly basis over a 12-month period and were issued under the Company's 2018 Equity Incentive Plan in lieu of $109,086 of Mr. Ciavarella's salary.
(2)  These shares of restricted stock vest pro rata on a monthly basis over a 12-month period and were issued under the Company's 2018 Equity Incentive Plan in lieu of $315,914 of Mr. Ciavarella's target bonus payable to him in respect of calendar year ending December 31, 2021, pursuant to his Employment Agreement, as amended.
(3)  These shares of common stock are directly owned by Michele Ciavarella's wife, Gilda Ciavarella, through her company, Gold Street Capital Corp.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Ciavarella Michele
C/O NEWGIOCO GROUP, INC.
130 ADELAIDE STREET WEST, SUITE 701
TORONTO, A6 M5H2K4
X X Chief Executive Officer

Signatures
/s/ Michele Ciavarella 1/11/2022
**Signature of Reporting Person Date
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